Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
The global stainless steel market is driven by the rising consumption of the product by the chemical/petrochemical, medical, transport, consumer goods, and heavy machinery industries. Stainless steel is also called inox steel or inox. It is a steel alloy constituting of chromium having tarnishing and rust resilient properties.
The Asia Pacific is the leading regional market for stainless steel. Countries such as Russia, France, and Brazil are the low maturity market for stainless steel, while China has a high maturity market. China accounts for a significant portion of the stainless steel production globally. The market in China is being driven by the lower production costs due to the use of integrated nickel pig iron and the availability of cheap labour. The market is also supported by the rising domestic demand for stainless steel due to the country’s growing construction industry.
POSCO, Outokumpu, Acerinox S.A., Nippon Steel Corporation and Aperam S.A. are some of the major players in the global stainless steel market. In November 2020, Outokumpu introduced stainless steel bar stock services in the Nordics. The services will cater to the distributors offering competitive prices, less lead times, and high quality. The centre will start operating in January 2021. The bar stock of stainless steel will include round bars and profiles such as square, flat, and hexagon. Such developments by the key players in the market are expected to positively impact the market growth in the coming years.
Market Analysis by Application and Region:
Key Findings of the Report:
Key Offerings of the Report:
POSCO, Outokumpu, Acerinox S.A., Nippon Steel Corporation, and Aperam S.A., among others, are the key players in the global stainless steel market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.